March 30, 2012 at 11:28 AM EDT
After TVIX, Barclay’s Natural Gas ETN GAZ Implodes
After Credit Swiss Index based Velocity Shares 2x Long VIX Short-Term Futures ETN TVIX debacle, iPath DJ-UBS Natural Gas ETN (GAZ) has declined more than 55% in value since its March 19 closing price of $6.02. GAZ now trades at a 63% premium to its underlying assets. It once traded at 134% premium to the value [...]
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